According to Edward Dowd (@DowdEdward), Phinancetechnologies has released updated US economic health data, revealing significant shifts in employment and consumer behavior. This data, accessible via their official site, highlights rising consumer debt and slowing job growth, which are critical indicators for cryptocurrency market sentiment and trading strategies. Traders may consider these macroeconomic signals when evaluating risk and anticipating volatility in major assets like Bitcoin and Ethereum (source: phinancetechnologies.com/Product_USEcon).

According to @Tier1Alpha, today's US economic data revealed a wider goods trade balance deficit, aligning with expectations, and March inventories that met consensus estimates. However, the JOLTs report showed a significant miss on job openings and a higher-than-anticipated rate of job quits. Historically, markets often see an initial bounce following weaker economic data, which could influence short-term trading strategies in both equities and crypto markets. Traders should closely watch for volatility as these developments may affect risk sentiment and liquidity in the near term (source: @Tier1Alpha).

According to GreeksLive, the strong US economic data for October has led to a significant drop in market expectations for the Federal Reserve's rate meeting on November 8. Based on the current pricing of 30-day federal funds futures, there is an 85% market-expected probability of a 25 basis point rate cut.